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Inside Take: More to the BofA MSR sale story?

January 3, 2013

By Paul Muolo / pmuolo@imfpubs.com

Inside Mortgage Finance's story on Bank of America scuttling its sale of $14 billion of high-touch mortgage servicing rights garnered quite a bit of interest from readers on Thursday, and brought in several new leads.

Although the bank, as a policy, does not discuss sale rumors, we heard renewed talk that BofA was contemplating the sale of $100 billion in MSRs at some point late last year. We'll be updating the story as part of IMF's Friday 'What We're Hearing' column…

Meanwhile, by January 9 or so, the Consumer Financial Protection Bureau’s (somewhat) final rule on Qualified Mortgages should leak out. For more information contact: tressler@imfpubs.com...

 

 

Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

vote to see results